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So Iíve been watching th housing market in my area for well over 2 years now. What Iíve learned is mostly that it makes no sense what so ever!
I mean some houses you can see and think ďare you for real asking £xxx for this?, then some you see are so beautiful and you wonder are they mad to mark it so low?Ē

Iím personally in the process of buying a house after our first purchase fell through. So my query doesnít really apply to me as such, but it does have me scratching my head!

Iíve noticed a lot of properties that were circulating when I first started preparing to make an offer back in sept-December 2017 are back on the market after being sold. Non with any changes so Iím assuming they are purchased that fell through. What Iím finding strange is that they are being put back on at 10-50k more than 6 months ago! . One of them I nearly fell off my chair as it was listed for ages in the first place then was reduced and has gone back on at 50k more than the original price! I even know someone who has relisted at 100k above what they accepted 9 months ago!! (75k above original price)

I would really love to find out why? Just out of curiosity. the housing market isnít exactly bouncing at the moment (in most of the country) and most houses in our area are being reduced long before they are sold and I know a lot of people who have offered well below asking (myself included) and itís been accepted.

So what are anyoneís thoughts on the matter? I know Iím being a nosey sod! But Iím just baffled!. Is it estate agents? Or vendors? Or has the housing market recovered and started rocketing and no ones told me?

Have there been any significant changes to the local area? A good new school opened up, change to grammar schools' catchment/admissions, a new rail link or something like those? In my old area (Bucks), prices have gone up a lot in recent years, partly fuelled by its good rail line into London and partly because wealthy people from NW London have worked out that they can move to Bucks, pocket the difference in house prices and send their kids to grammar schools instead of paying private school fees. It's made family houses along the Met Line very expensive in recent years.

If there are no obvious local changes, it's just people chancing their arm, no doubt encouraged by EAs desperate to talk the market up.

Birmingham and Manchester Market rissing due to big Help to Buy developments and people moving out of London to cheaper cities. Don't think it will last more than 6 months with London and South East propert prices fallingand spreading. However there are a lot of people moving futher north at moment.

Over half the houses brought to market subsequently get withdrawn after failing to achieve a sale, that should tell you all you need to know about just how many vendors are simply greedy, deluded time wasters or kiteflyers with no real desire to actually sell their property.

There is a lot of stock and a lot is selling £420k is in the ballpark for 4 beds needs more detailed comparison to see where it fits, there is a lot of choice from relatively new like this one to large old semis.

moving the circle up and to the left a bit to get those around the park and move away from the M6 and capture the other property.
76/119
Drop the base to £300k 101/175 potentially indicating the cheaper stuff is selling quicker.

In this price range and this amount of stock a move from lowball to highball could easily be £50k-£60k

if you look at that one you say went but fell through at £295k now on at £395k if you pitch it in the current £300-£400 stock its at the high end of 9 within 3 miles for 5 bed+
But at £375-£400 there are 31 4 beds and 13 3 bed so £395k for a 6 bed seems OK and £295 was probably far to low unless a complete wreck.

Over half the houses brought to market subsequently get withdrawn after failing to achieve a sale, that should tell you all you need to know about just how many vendors are simply greedy, deluded time wasters or kiteflyers with no real desire to actually sell their property.

I!!!8217;m in Southport and property prices here are ridiculous. For example, I!!!8217;m viewing a house later that has just gone on for £40,000 (yes 40) more than it!!!8217;s next door but one neighbour, who!!!8217;s just gone under offer. There is very little difference between the 2 houses. I really do not know where agents/vendors get their figures but it!!!8217;s incredibly frustrating!!

Birmingham and Manchester Market rissing due to big Help to Buy developments and people moving out of London to cheaper cities. Don't think it will last more than 6 months with London and South East propert prices fallingand spreading. However there are a lot of people moving futher north at moment.

Not sure aboout the headline, but in just the past 24 hours, I have spoken with three colleagues who have been selling their houses/flats.

Colleague 1 sold her flat in Edinburgh for 20% over what she paid 3 years ago. They had 8 offers within a week, of which 4 were cash buyers. They went to a closing date and sold within 2 weeks of first listing, with just two open house days.

Colleague 2 sold her 3 BR semi in the Newcastle area, with similar busy viewing period and a healthy profit.

Colleague 3 put her flat in Glasgow city centre on the market less than a week ago and has already had several viewings, one offer and 5 expressions of interest.

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